Yen Resumes Rally, Gold Eyeing Key Resistance
Yen’s rally resumes today while overall market sentiments are mixed. Asian stocks are treading water but US benchmark yield takes another dive. Swiss Franc is following as the second strongest for now. On the other hand, commodity currencies are trading...
China’s property market could see more pain, even as Evergrande crisis seems to be abating
People look at models of houses at the 2021 Dalian autumn real estate fair at Dalian World Expo Center on October 15, 2021 in Dalian, Liaoning Province of China. Liu Debin | Visual China Group | Getty Images BEIJING —...
Aussie Climbs Up ahead of Confidence Data
The Australian dollar is in positive territory at the start of the week and has punched above the 74 level. AUD/USD is currently trading at 0.7424, up 0.34% on the day. The RBA was in the headlines for much of...
EUR/USD Resigned to Pressure
At the beginning of the second week of November, euro/dollar is trading at 1.1560. The market keeps supporting the USD, and there are reasons for it. According to statistics, the unemployment rate in October dropped to 4.6%, which is quite...
Euro Supported by Improving Investor Confidence; USD, JPY and CHF Mildly Lower
Dollar, Yen and Swiss Franc turned slightly weaker in quiet markets today. Euro is supported by better than expected investor sentiment data, while Sterling also recovers. New Zealand Dollar is also trading higher but Australian and Canadian Dollar are lagging...
Ethereum hits new all-time high, bitcoin inches toward record as cryptocurrencies rally
Representation of Ethereum cryptocurrency is seen in this illustration photo taken in Sulkowice, Poland on August 12, 2021. Jakub Porzycki/NurPhoto | Getty Images Cryptocurrencies are starting the week on a positive note. Ether, the world’s second-largest digital coin, surged more...
Elliott Wave Analysis: EUR/USD Finds Bottom
EURUSD came to a new low on Friday, but then it quickly stabilized so we have to be aware of a higher degree shape; an ending diagonal that can come to an end soon. Further impulsive rise from here would...
Pfizer And Merek Are Going To Approve Covid-19 Drug
Last week, investors’ attention was focused on US nonfarm payrolls data and the FOMC meeting. The Federal Reserve officially announced the reduction of the QE program. An interest rate hike is scheduled for the middle of next year. The labor...
Yen Retreating in Quite Markets, But More Upside Still Likely
The financial markets are rather quiet today. Commodity currencies are paring back some of last week’s losses while Yen is retreating. But there is no change in the overall outlook, with the decline in Yen crosses more likely to continue...
EUR/USD Approaches Key Breakout, NFP Impresses
Key Highlights EUR/USD is struggling to stay above the 1.1520 support. It is facing a major hurdle near the 1.1620 zone on the 4-hours chart. GBP/USD declined heavily below 1.3600 and 1.3500. The US Nonfarm Payrolls increased 531K in Oct...
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